Fina Bank (Uganda)
Encyclopedia
Overview
As of February 2009, the bankBank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...
is a small, fast-growing banking institution, providing commercial banking services to individuals and small to medium sized corporate clients. The bank
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...
is a member of the Fina Bank Group, which includes Fina Bank (Kenya) and Fina Bank (Rwanda)
Fina Bank (Rwanda)
Fina Bank , is a commercial bank in Rwanda. The bank is one of the ten licensed commercial banks in the Republic of Rwanda.-History:...
. As of May 2009, the asset valuation of Fina Bank (Uganda) was estimated to be approximately US$22 million. This made the bank the 21st largest commercial bank in Uganda with less than 1% of all bank assets in the country at that time.
Fina Bank Group
The Fina Bank Group includes the following subsidiaries:- Fina Bank (Kenya)Fina Bank (Kenya)-Overview:As of September 2010, the bank is a small, fast-growing banking institution, providing commercial banking services to individuals but its emphasis is to serve small and medium-sized corporate clients . The bank is the flagship institution of the Fina Bank Group, which includes Fina Bank ...
- Fina Bank (Rwanda)Fina Bank (Rwanda)Fina Bank , is a commercial bank in Rwanda. The bank is one of the ten licensed commercial banks in the Republic of Rwanda.-History:...
- Fina Bank (Uganda)
History
Fina Bank (Uganda) is a subsidiary of the Fina Bank Group. The Group's history dates back to January 1986. At that time the institution was known as Finance International Limited, a non-bank financial institutionNon-bank financial institution
A non-bank financial institution is a financial institution that does not have a full banking license or is not supervised by a national or international banking regulatory agency. NBFIs facilitate bank-related financial services, such as investment, risk pooling, contractual savings, and market...
. In subsequent years, the institution changed its name to Finance Institution of Africa and then to Fina. In 1995, the institution received an unrestricted commercial banking license from the Central Bank of Kenya
Central Bank of Kenya
The Central Bank of Kenya is Kenya's central bank. The bank is located in Nairobi. The current governor of the bank is Professor Njuguna Ndungu whose appointment took effect from March 4, 2007...
and started operations as Fina Bank (Kenya) Limited, in February 1996. In 2004, Fina Bank Group opened a subsidiary in Rwanda; Fina Bank (Rwanda)
Fina Bank (Rwanda)
Fina Bank , is a commercial bank in Rwanda. The bank is one of the ten licensed commercial banks in the Republic of Rwanda.-History:...
. Fina Bank (Uganda) received a commercial banking license from the Bank of Uganda
Bank of Uganda
The Bank of Uganda is the Central Bank of the Republic of Uganda. Established in 1966, by Act of Parliament, BOU is 100% owned by the Government of Uganda, but is not a government department.-Organization and Governance:...
in 2007 and started operations in 2008.
Ownership
The detailed percentage ownership of Fina Bank (Uganda) is not publicly known but the majority of shares are held by the Fina Bank Group.Governance
Fina Bank (Uganda) is governed by a nine-person Board of DirectorsBoard of directors
A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors...
. Robert Binyon, one of the non-Executive Directors is the Chairman of the Board
Chairman of the Board
The Chairman of the Board is a seat of office in an organization, especially of corporations.Chairman of the Board may also refer to:*Chairman of the Board , a 1998 film*Chairmen of the Board , a 1970s American soul music group...
. Charles Nalyaali is the Chief Executive Officer
Chief executive officer
A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...
, while Shamsher Khemani, one of the Executive Directors, serves as the Managing Director. He is assisted by eleven (11) other manager
Management
Management in all business and organizational activities is the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively...
s in supervising the bank's daily activities.
Branch Network
As of September 2011, Fina Bank (Uganda) has a network of seven (7) branches in various Ugandan urban centers, including the following locations::- Head Office - Buganda Road, KampalaKampalaKampala is the largest city and capital of Uganda. The city is divided into five boroughs that oversee local planning: Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division and Lubaga Division. The city is coterminous with Kampala District.-History: of Buganda, had chosen...
- Nakivubo Road Branch - Nakivubo Road, Kampala
- Ovino Market Branch - Kisenyi Road, Kampala
- Industrial Area Branch - 13 Mulwana Road, Kampala
- Mbarara Branch - High Street, MbararaMbararaMbarara is a town in Western Uganda. It is the main municipal, administrative and commercial center of Mbarara District and the location of the district headquarters. It is also the largest urban centre in Western Uganda.-Location:...
- Kyaliwajjala Branch - Namugongo Road, KyaliwajjalaKyaliwajjalaKyaliwajjala is a neighborhood in Kira Municipality, Kyaddondo County, Wakiso District, in Central Uganda.-Location:Kyaliwajja is bordered by Namugongo to the northeast, Bweyogerere to the southeast, Naalya to the south, Najjera to the west and Downtown Kira to the northwest...
, Kira MunicipalityKira TownKira Town is a municipality in Wakiso District in Central Uganda. It is administered by Kira Town Council, an Urban Local Government within Wakiso District Administration.-Location:... - Kabale Branch - KabaleKabaleKabale is a city in Western Uganda. It is the 'chief town' of Kabale District and the district headquarters are located there. The district is named after the town.-Location:...
(Under Construction)
External links
See also
- List of banks in Uganda
- Banking in UgandaBanking in Uganda-The early years:Prior to Uganda’s independence in 1962, Government-owned institutions dominated most banking in Uganda. In 1966 the Bank of Uganda, which controlled the issue of currency and managed foreign exchange reserves, became the Central Bank. Uganda Commercial Bank, which had fifty...
- Fina Bank GroupFina Bank GroupFina Bank Group, is a financial services organization in East Africa. The Group's headquarters are located in Nairobi, Kenya, with subsidiaries in Kenya, Rwanda and Uganda.-History:...
- Fina Bank (Rwanda)Fina Bank (Rwanda)Fina Bank , is a commercial bank in Rwanda. The bank is one of the ten licensed commercial banks in the Republic of Rwanda.-History:...
- Fina Bank (Kenya)Fina Bank (Kenya)-Overview:As of September 2010, the bank is a small, fast-growing banking institution, providing commercial banking services to individuals but its emphasis is to serve small and medium-sized corporate clients . The bank is the flagship institution of the Fina Bank Group, which includes Fina Bank ...